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[jau flyer]

Hey everyone,

I hit a deer on my '05 banana week ago Saturday in MS on my way back to TN. Luckily, I wasn't hurt and walked away with a few scrapes and bruises.

My bike was totaled and my local dealer says that insurance companies typically pay out "retail" value from NADA and generally add about $1000 for extras.  This value for NADA and Kelly Blue Book are within a couple hundred dollars, which was right around $19400.00

So the adjuster called me today and says that based on 3rd party research (a 3rd party is hired to do the research" claimed that the value of my bike is $15400.00. With tax and title added the total value is around 17k.  To says the least I was a little pissed. The adjuster says that NADA is hard to apply to bikes because of this and because of that.  I am with State Farm and have been for years. The estimated repair costs was over $22000.00.

So How can I argue reasonably that the bike is worth more than they are offering or at least get it closer to NADA.?  The bike was severely damaged on both sides and the frame was bent.

Those of you who have had similar incidents with bikes would like to know how you negotiated to get a fair price. I have my eyes, and deposits on a 2009 CVO road glide and need to get this resolved before moving ahead.

Great thanks in advance.

Thanks.

[tweeter13]

Not sure if calling your agent and explaining to them that your bike is a CVO and ex paint to them what that is.  The adjuster may have no idea that they are limited production bikes.

Or tell them that if they are only going to give you that much for your bike you want to keep it so you may take the parts off of this bike and put them on your next bike.    Not sure either would work or not but just a thought.   I will ask some of my friends in the insurance industry and see if they will give me some other ideas

[Tannehill Kid]

Need to check with state law and see what they use as a guide in a law suit.  In LA they use NADA on cars.  When customers call me for info on what their car/truck is worth they always call back and want to know how I knew what the insurance co was going to offer.  It's sad when your car/truck is worth more totaled than as a trade in. 

[hd-dude]

Before agreeing to any payout amount you need to do your homework. Check local ads for the same bike with the same or similar accessories as yours. Find the average price that these are selling for then go from there. If you have a hard time finding local ads then spread further out to collect the information.

[LovemyCVOgirl]

Find other MC's just like yours that have comparable miles posted for sale on the Internet that show a higher value than what they are offering. Print the page and give it to them!   

[Tru-Blu]

Sorry to hear about your accident, but glad you're ok.  The bike can be replaced - you can't. 

I do hope that you can make something work out with the insurance company.  It sucks that you have to have it, and normally pay a decent amount for good coverage - and then don't get that coverage when you actually need it.  Just about every insurance company is trying to pay the least it legally can in any claim.   

[jau flyer]

Tweet13

Thanks for insight and please check with your friends if you can. 

Thanks.

[jau flyer]

T-kid....

I will ask a coworker whose wife is an attorney and see if she can tell me what the law is. Appreciate the tip...

[jau flyer]

HD Dude....

I have been checking out '05 costs as you say and was thinking about printing the adds and sending.  This whole thing has been up in arms and I don't plan to agree to payout until I am happy. 

Thanks for the help...

[smkymtnboy]

  that sounds just like state farm!! impossible people to deal with!!!! thats all i have to say about that!

[jau flyer]

while we are on the subject, who do you guys use to cover your MC   i am seriously thinking after all this has settled, i am going to look for a new insurer. like Farm Bureau.for cars. home. bike. etc/

again, all help here is greatly appreciated.

thanks.

[Tru-Blu]

I use Farm Bureau for auto/home, but they don't have their own carrier for motorcycles. The cheapest for the coverage I wanted was Progressive.

[King2013]

  that sounds just like state farm!! impossible people to deal with!!!! thats all i have to say about that!

+1
that's the same insurance company that is trying to say I'm some what responsible for being broadsided.
good luck with those assbags.

[spada84]

When my bike was totaled in a flood, State Farm made an offer.  I refused it, and got a letter from my dealer explaining what the bike was worth, with some supporting ads.  They offered a higher amount and we settled.  It's just business.  I thought that they were fairly easy to deal with.

[D-N-D]

Ask the dealer that sold you the bike to help with a letter stating the resale value of the bike with a list of bikes that sold in that range.